The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.
Although the strategy will completely phase out coal emissions in Alberta by 2030, the timeframe provides power operators the opportunity to transition away from coal toward renewable fuel sources.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
Learn about this, as well as mining's contributions to Manitoba in wealth and safety.
Burnaby's bylaw battle against the Trans Mountain pipeline has been shut down by a B.C. Supreme Court judge who has declared that the National Energy Board rules take precedence over the city's.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Its project would sit on top of the Gramalote deposit, a joint venture between AngloGold Ashanti and B2Gold that could become one of the first modern commercial scale gold mines in Colombia.
Low potash prices have made the prospect of developing the Kronau potash mine in Saskatchewan uneconomic.
The measures to address climate change include a carbon tax aimed at individual Albertans, phasing out coal-powered power plants, reducing methane emissions and placing a cap on emissions from the oilsands.
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
Nickel is trading at seven year low.
Since gold began a more than 40 percent plunge from a 2011 peak, the miner’s gross margins have narrowed by just 1.9 percent.
Canada's dominant oil sands player, however, plans to spend about $900 million more next year.
With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.
The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.
Days after the U.S. spurned TransCanada Corp.’s proposal to expand its Keystone pipeline network across North America, Mexico opened its arms.
Until early November, the failure at the Canadian Mount Polley copper mine had been the worst such breach in recent years.
The Legacy mine, located approximately 50km north of the city of Moose Jaw, will be the first new potash operation built in the last 40 years in Saskatchewan.
Electra Stone (ELT.V), covered in today's Company Snapshot, is the first public company aiming to take this BC jade and market it directly to China.
Use of coal for power generation peaked about two years ago, a new report suggests.
The Africa-focused miner needs funding to complete the acquisition of the Mothae project and to repay short-term debts, including £500,000 due this week.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.
The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.
With Japan finally restarting some of its nuclear reactor fleet (two reactors have come online since August) and China continuing its breakneck reactor build-out (with 29 reactors in operation and 22 under construction), the one commodity in the natural resource space that is actually carrying some positive fundamentals today is uranium.
Weighing in after last month's failed merger.
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